are 355 and 550 prices heading down? | FerrariChat

are 355 and 550 prices heading down?

Discussion in 'Ferrari Discussion (not model specific)' started by johng, Dec 3, 2006.

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  1. johng

    johng Formula 3

    Oct 23, 2004
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    john g
    i noticed that 355s and 550s are much cheaper than a year ago. i'm referring to private market cars, mostly. it doesn't seem hard to find a 550 under or near 100K or a nice 355 spider in the 70Ks. only the 355GTSs are holding in the 80Ks. 355Bs go into the 60Ks. and could it be that 550s will be $80K cars in the next year or so? wow, almost the price of a testarossa. i guess the market is hot for old and brand new cars, leaving the rest in a slumping market.

    john
     
  2. chaa

    chaa F1 Veteran

    Mar 21, 2003
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    Not another, are 355 prices heading down thread.;)
     
  3. 348 Turbo

    348 Turbo Formula 3

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  4. Llenroc

    Llenroc F1 Veteran
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    NO. Just thought I would add to the speculation
     
  5. Texas Forever

    Texas Forever Eight Time F1 World Champ
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    Both 550 and 355 prices have been going down for a while. Personally, I think that 550 prices will bottom at 40% of MSRP, which for the early 550s is about $85k.

    I don't follow 355 prices (in large part because I don't fit in them), but I would expect them to bottom out at 40% also.

    Dale
     
  6. drchako

    drchako Formula Junior

    Dec 29, 2003
    343
    Palo Alto, CA
    I'm very confused by people who post comments such as "not another ___ post. Why don't you just do a search?"

    Many posts are questions I wouldn't have thought to ask (or search for) and many are thought provoking and interesting to the casual reader/poster (like myself).

    If you are so pissed about "yet another post," why did you click on it to begin with? Don't your negative comments prevent an open exchange of ideas amongst like-minded people?

    Just sayin'...
     
  7. Bullfighter

    Bullfighter Two Time F1 World Champ
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    Jan 26, 2005
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    I think that's always been the case. Dinos and Boxers are heading up, 348 and 355 settling because they're now 'old' but not yet 'classic', 360 still depreciating noticeably as a used car.

    I'm watching 550s -- love those cars, and once they get into new 911 territory I'm going to be very interested. IMO it's one of the great GT car designs of the past couple of decades.

    Having read my share of Chaa posts, I think he was being facetious. ;)
     
  8. wetpet

    wetpet F1 World Champ
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    May 3, 2006
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    all cars continue going down until they start going up.
     
  9. toggie

    toggie F1 World Champ
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    Nov 30, 2003
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    Except brand new f-cars purchased at MSRP. They first go up (instantly) before they go down (quickly) and then start going up again (slowly).
     
  10. MJT328GTS

    MJT328GTS Formula Junior

    Mar 30, 2005
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    So long as they continue to make newer models in the numbers they do, recent retired models will continue to drop as they have. It's all about the $$$ to corporations. They could care less how low their used car prices drop.
     
  11. Joe G.

    Joe G. Formula 3
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    everything built in the last 20 years is heading down

    just at different rates

    but it's all going down
     
  12. DGS

    DGS Seven Time F1 World Champ
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    So keep a watch on your teenage daughters. (barump-dump) :p

    Given all the 'lectronics in recent cars, I wonder if older 550s will hold their value the way Webber and CIS cars have. (And what will happen when the surplus Marelli market dries up completely.)
     
  13. Bullfighter

    Bullfighter Two Time F1 World Champ
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    I don't know... I'd guess Ferrari would be nervous about having too many "low-end" used cars around. The notion that every Ferrari is special gets some play on their Owners Website. Even Honda is proud of how well its Civics hold up in the secondary market.

    Yes, I have that concern about all modern cars. Drive by wire, brake by wire, traction control... and we're all worried now about turn signal stalks on 348s. Child's play compared to an aging 360 F1.
     
  14. chaa

    chaa F1 Veteran

    Mar 21, 2003
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    Huh! sorry but who are you again......lol!!:D
     
  15. chaa

    chaa F1 Veteran

    Mar 21, 2003
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    Yea!!! ;)
     
  16. 348 Turbo

    348 Turbo Formula 3

    Jul 17, 2002
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    classic
     
  17. Simon^2

    Simon^2 F1 World Champ

    Oct 17, 2005
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    With few exceptions... F40 are starting to go up... F50's are not falling...

    But to your point, "regular production" cars fall until they acheive "collector" status. But, IMO, the pre-308 value curves can not automatically be applied to 3X8 and later cars due to higher production numbers (and increasing complexity).
     
  18. audihenry

    audihenry Formula Junior
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    Curious if anyone has any graphs or charts regarding the depreciation of new cars and their eventual bottoming-out and possibly appreciating nature. That would be cool! :)
     
  19. DGS

    DGS Seven Time F1 World Champ
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    A simple X-Y plot wouldn't really cut it -- you'd have to factor in the number of original and surviving examples, over time; and the public appeal factor (and press review) would vary as well.

    Although I would like to dream that a one-owner '70s Alfa would someday be an even swap with a 550. :D
     
  20. audihenry

    audihenry Formula Junior
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    Mar 27, 2006
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    Yeah, you're right, but for an above-appreciated car, what does the trend look like over its life?

    Let's say the 360. What do you think will happen to it?
     

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